EUROPEAN VALUATION STANDARDS EVS–2016 AND THEIR INTERRELATION WITH EU LEGISLATION
Abstract. АThe article is devoted to analysis of new edition of European Valuation Standards
EVS–2016 and the interrelation with European Legislative and Normative basis. Reviewed
are structure and content of so called “Blue Book” of EVS–2016 standards issued by The European
Group of Valuer’s Associations (TEGoVA) which are enforced from 01 June 2016. Underlined
is the fact that these standards are highly structured and include not only five basic
valuation standards but also some sets of supporting documents such as Guidance Notes and
Close interrelation of TEGoVA’s standards with European legislation is demonstrated and
analyzed as one of the important and specific their peculiarity in comparison with other international
valuation standards. This is specially marked by the fact that standards itself are already
included into several European Directives and Regulation of mandatory character. This remarkably
increase role and significance of EVS–2016 standards both for international and domestic
valuation practice and should be closely considered during process of actualization of
national property valuation standards.
Key words: valuation, property, assets, European legislation, national standards, valuation
standards, guidance notes, technical documents.
European Valuation Standards EVS–2016. 8-th edition. TEGoVA. – Gillis nv/sa, 2016. – 370
International Valuation Standards IVS–2013. Framework and Requirements. IVSC, 2013.
– 47 p.
Regulation (EU) No. 575/2013 of the European Parliament and of the Council of 26 June
on prudential requirements for credit institutions and investment firms and amending
Regulation (EU) No.648/2012.
Directive 2013/34/EU on the Annual Financial Statements, Consolidated inancial Statements
and Related Reports of Certain Types of Undetakings.
Directive 2014/17/EU of the European Parliament and of the Council on credit agreements
for consumers relating to residential immovable property.
European Central Bank. Assets Quality Review. Manual. – ECB. March 2014.
Mizhnarodniy Biseness / Vergun V. A., Kredisov A. I., Stupnitsky A. I., Yakubovsky V. V.
and others (in ukrainian).– K. VPC “Kievskiy Universitet”, 2009. – 623 p.
Actual problems of international relations. Release 134. 2018
Yakubovsky V. V. Systemnyie Metody Menedzhmenta v mezhdunarodnom bisnese. – K.:
Vyd-vo “Osvita”, 2014. – 735 p.
Vancouver Valuation Accord, March 2, 2007. – Vancouver, B C, Canada. – https://www.
- There are currently no refbacks.